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Shares pass $200

Wednesday, Nov. 3, 2004 | 9:12 a.m.

Shares of Google Inc., owner of the world's most-used Internet search engine, rose above $200 less than three months after the company first sold shares to the public at $85.

The Mountain View, Calif.-based company, which raised $1.92 billion in its August initial offering, said last month that third-quarter profit more than doubled as it sold more advertising.

The shares gained $2.46, or 2.4 percent, to $197.33 at 10 a.m. New York time in Nasdaq Stock Market composite trading and earlier reached $201.60. They have jumped 32 percent since company reported earnings on Oct. 21.

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